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Evidence-based Trade Policy Decision Making in Australia and the Development of Computable General Equilibrium Modelling, CoPS/IMPACT Working Paper Number G-163; Dixon, Peter and Dale W. Jorgenson, ed. (2013). Handbook of Computable General Equilibrium Modeling, vols. 1A and 1B, North Holland, ISBN 978-0-444-59568-3
The working paper, "Debunking the Myths of Computable General Equilibrium Models", [7] provides both a history, and a readable theoretical analysis of what CGE models are, and are not. In particular, despite their name, CGE models use neither the Walrass general equilibrium, nor the Arrow-Debreus General Equilibrium frameworks.
The structural equilibrium model is a matrix-form computable general equilibrium model in new structural economics. [30] [31] This model is an extension of the John von Neumann's general equilibrium model (see Computable general equilibrium for details). Its computation can be performed using the R package GE.
AGE models, being based on Arrow–Debreu general equilibrium theory, work in a different manner than CGE models.The model first establishes the existence of equilibrium through the standard Arrow–Debreu exposition, then inputs data into all the various sectors, and then applies Scarf’s algorithm (Scarf 1967a, 1967b and Scarf with Hansen 1973) to solve for a price vector that would clear ...
SAMs form the backbone of computable general equilibrium (CGE) Models and various types of empirical multiplier models. Appropriately formatted SAMs depict the spending patterns of an economy, as with IMPLAN and RIMS II data, and can be used in economic impact analysis.
Download as PDF; Printable version; ... Computable general equilibrium models; ... General Equilibrium 3.1 Others 1.2
Dynamic stochastic general equilibrium modeling (abbreviated as DSGE, or DGE, or sometimes SDGE) is a macroeconomic method which is often employed by monetary and fiscal authorities for policy analysis, explaining historical time-series data, as well as future forecasting purposes. [1]
Input–output accounts are part and parcel to a more flexible form of modelling, computable general equilibrium models [a]. Two additional difficulties are of interest in transportation work. There is the question of substituting one input for another, and there is the question about the stability of coefficients as production increases or ...